Demonstrators in Iran celebrate the ouster of the Shah and the return from exile of the Ayatollah Khomeini.

In Tehran, a massive crowd celebrates the removal of the Shah and the return of Ayatollah Khomeini from exile. Khomeini, a leader of Iran's Muslim fundamentalists, declares an Islamic revolution. Subsequently, many foreign-owned businesses and industries are nationalized, with their assets seized without compensation.

What happened to foreign-owned businesses and industries during the revolution?

What was done to the assets of nationalized businesses?